Risk You Should Own Responsibility in Car Insurance - Provide guarantees and insurance is the purpose of an insurance company. For owners of motor vehicles such as cars, insurance function is very helpful when a car accident or natural disaster. However, customers also have their own responsibility in case something undesirable. For those of you who have car insurance, you may have heard the term
Own Risk (OR) or in Indonesia called own risk.
Own Risk (OR) is the amount of losses that are the responsibility of the customer in the event of an insurance claim. Nominal of OR vary in accordance with the policy paid. The logic of large OR to be paid if the premium paid is lower, then that would be borne OR high. Conversely, if the high premiums charged, it should be borne OR will be low.
Character ORAs mentioned previously, OR is nominal to be paid by the customer (insured) in the event of a claim. Claims are subject to OR is the claim that occur as a result of physical damage. OR also applies to any accidents. This system does not apply to non-physical losses. Examples of non-physical is the loss incurred as a result of lawsuits.
Insurance is to be your friend in the face of uncertain event such as an accident or catastrophic harm. However, you will still have the responsibility that forces you to be careful in using your car.
Why is there loading own risk (OR) at the Customer?
Imposition OR the customer must be the goal. Some of the objectives of the OR are.
OR forcing customers to be more careful in keeping the insured object (car).
Avoid small losses, in which a small loss often have a value greater loss than the loss that occurs when combined into one;
Because the logic OR payment is based on the nominal amount of the premium, it also serves to reduce the burden OR premium customers.
With the OR system, then the owner of the vehicle or the customer will be more careful to avoid damage. The system is also beneficial for both parties, namely the insurance company and the customer, because the insurance company gets a cut of the value of losses to be paid. Meanwhile, customers benefit from lower premiums load.
Each insurance company certainly has its own policy on the value of the OR. Therefore, be sure to read the policy agreement in detail and carefully. Do not hesitate to call the 24-hour service if any part you do not understand. With a good understanding of each component of the insurance agreement, you will not be surprised if one day you have to spend to pay OR, or anything else to be borne by you.
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